I think it'll stop around 1800. I just hope I still have a job at that point
TheDudeForex
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jesus what an extreme scenario..
Tiger_Style
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@TheDudeForex, The only scenario that is extreme is the amount of fiat money being printed in the U.S. The printing presses are on fire!
BMLemon
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@Tiger_Style, I think in the event of the dollar losing value at and extreme rate, the S&P500 would go parabolic. It'll happen, but before everyone panics and sells their stocks
@Tiger_Style, We're going to be taught to love the fed. To demand their money printing and "stimulus" actions and save our economy. We're also being to taught to work from, social distance, and ignore military vehicles. Although the economic slowdown will last years, this will find it's bottom and rocket out of there.
Tiger_Style
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@BMLemon, I agree, but it's going to be painful for most. I sold my stocks in oct. 2019 in preparation for this. We're not even near a bottom as you can see from my chart above. People will save the fed Checks thy're given, most if they're smart will buy hard assets like gold, silver and bitcoin.
BMLemon
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@Tiger_Style, yeah, got out of stocks in April of 2019. Like a dummy, I just exited rather than scale out. I wish I hadn't. BUT I won't make that mistake twice. I'll start scaling back in once Trump has given back all the gains of his presidency
Tiger_Style
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@BMLemon, Right on, it's a good idea to keep dry powder for this market. I'm not buying shit until everybody is all mopey and shit wishing they had sold at the top, and I wanna see some mass capitulation, I've been waiting for this since 2008, when I didnt have any money cause I was in grad school. I dumped stocks Oct. 2019, never looked back, I dont care about missing some gains, the drawdown here is going to FU*K everybody.